Airgain Inc (AIRG) Director Sells $305,396.00 in Stock

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Airgain Inc (NASDAQ:AIRG) Director Arthur M. Toscanini sold 23,492 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $13.00, for a total transaction of $305,396.00. Following the completion of the sale, the director now owns 64,313 shares in the company, valued at $836,069. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Arthur M. Toscanini also recently made the following trade(s):

  • On Friday, March 15th, Arthur M. Toscanini sold 1,508 shares of Airgain stock. The stock was sold at an average price of $13.04, for a total transaction of $19,664.32.

NASDAQ:AIRG traded up $0.26 on Thursday, reaching $12.81. The stock had a trading volume of 71,703 shares, compared to its average volume of 82,235. The firm has a market cap of $128.79 million, a price-to-earnings ratio of -47.44 and a beta of 1.68. Airgain Inc has a 12-month low of $7.40 and a 12-month high of $14.17.

Airgain (NASDAQ:AIRG) last released its earnings results on Thursday, February 14th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.09. The company had revenue of $16.56 million for the quarter, compared to analyst estimates of $16.44 million. Airgain had a negative net margin of 4.26% and a negative return on equity of 5.85%. The firm’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. As a group, equities analysts predict that Airgain Inc will post 0.13 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in AIRG. O Shaughnessy Asset Management LLC purchased a new position in Airgain in the 4th quarter valued at about $75,000. Gagnon Securities LLC purchased a new position in Airgain in the 3rd quarter valued at about $117,000. Dimensional Fund Advisors LP lifted its holdings in Airgain by 189.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 43,468 shares of the technology company’s stock valued at $571,000 after purchasing an additional 28,427 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Airgain by 49.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,780 shares of the technology company’s stock valued at $680,000 after purchasing an additional 17,238 shares in the last quarter. Finally, EAM Investors LLC acquired a new position in shares of Airgain during the 3rd quarter valued at about $879,000. Institutional investors own 35.22% of the company’s stock.

A number of research analysts have issued reports on AIRG shares. Zacks Investment Research upgraded shares of Airgain from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday, January 8th. B. Riley upped their target price on shares of Airgain from $17.00 to $19.00 and gave the company a “buy” rating in a report on Monday. Five investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $15.67.

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Airgain Company Profile

Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; omnimax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.

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